ForexYell
Short

EURUSD Double Top Approaches 1.0819 Neckline. Watching The Close

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             potentially posted a double top near 1.1450 in May and June. As per FXCM             real volume , the secondary top happened on relatively weak volume to the first top.

We are approaching the double top neckline at 1.0819.

Traders will be watching a close below there which would put an end to the corrective series of higher highs and higher lows seen since March and would open the way for a move down to the year to date low near 1.0458.

Target : The double top itself has a target of 1.02.
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